Myron J. Gordon
Encyclopedia
Myron J. Gordon was an American economist
. He was Professor Emeritus of Finance at Rotman School of Management
of the University of Toronto
. In 1959, Gordon published a method for valuing a stock
or business, now known as Gordon growth model
.
Gordon held a B.A.
from the University of Wisconsin–Madison
(1941), a M.A.
from Harvard University
(1947), and a Ph.D.
from Harvard (1952). He was an assistant professor at Carnegie Mellon University
(1947–1952), then an associate professor at the Massachusetts Institute of Technology
(1952–1962) and a professor at the University of Rochester
(1962–1970) prior to joining the University of Toronto in 1970.
Gordon served as President of the American Finance Association
in 1975-1976. He was named a fellow of the Royal Society of Canada in 1993, and received an Honorary Doctor of Laws degree at McMaster University in 1993, and another at the University of Toronto in 2005. He died at the age of 89 at his home in Summit, New Jersey.
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
. He was Professor Emeritus of Finance at Rotman School of Management
Rotman School of Management
The Joseph L. Rotman School of Management commonly known as Rotman School of Management is the University of Toronto's business school, located in St. George Street in Downtown Toronto. The school, named after Joseph L...
of the University of Toronto
University of Toronto
The University of Toronto is a public research university in Toronto, Ontario, Canada, situated on the grounds that surround Queen's Park. It was founded by royal charter in 1827 as King's College, the first institution of higher learning in Upper Canada...
. In 1959, Gordon published a method for valuing a stock
Stock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
or business, now known as Gordon growth model
Gordon model
The Gordon growth model is a variant of the discounted cash flow model, a method for valuing a stock or business. Often used to provide difficult-to-resolve valuation issues for litigation, tax planning, and business transactions that don't have an explicit market value. It is named after Myron J....
.
Gordon held a B.A.
Bachelor of Arts
A Bachelor of Arts , from the Latin artium baccalaureus, is a bachelor's degree awarded for an undergraduate course or program in either the liberal arts, the sciences, or both...
from the University of Wisconsin–Madison
University of Wisconsin–Madison
The University of Wisconsin–Madison is a public research university located in Madison, Wisconsin, United States. Founded in 1848, UW–Madison is the flagship campus of the University of Wisconsin System. It became a land-grant institution in 1866...
(1941), a M.A.
Master of Arts (postgraduate)
A Master of Arts from the Latin Magister Artium, is a type of Master's degree awarded by universities in many countries. The M.A. is usually contrasted with the M.S. or M.Sc. degrees...
from Harvard University
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...
(1947), and a Ph.D.
Doctor of Philosophy
Doctor of Philosophy, abbreviated as Ph.D., PhD, D.Phil., or DPhil , in English-speaking countries, is a postgraduate academic degree awarded by universities...
from Harvard (1952). He was an assistant professor at Carnegie Mellon University
Carnegie Mellon University
Carnegie Mellon University is a private research university in Pittsburgh, Pennsylvania, United States....
(1947–1952), then an associate professor at the Massachusetts Institute of Technology
Massachusetts Institute of Technology
The Massachusetts Institute of Technology is a private research university located in Cambridge, Massachusetts. MIT has five schools and one college, containing a total of 32 academic departments, with a strong emphasis on scientific and technological education and research.Founded in 1861 in...
(1952–1962) and a professor at the University of Rochester
University of Rochester
The University of Rochester is a private, nonsectarian, research university in Rochester, New York, United States. The university grants undergraduate and graduate degrees, including doctoral and professional degrees. The university has six schools and various interdisciplinary programs.The...
(1962–1970) prior to joining the University of Toronto in 1970.
Gordon served as President of the American Finance Association
American Finance Association
The American Finance Association is an academic organization whose focus is the study and promotion of knowledge of financial economics. It was formed in 1939...
in 1975-1976. He was named a fellow of the Royal Society of Canada in 1993, and received an Honorary Doctor of Laws degree at McMaster University in 1993, and another at the University of Toronto in 2005. He died at the age of 89 at his home in Summit, New Jersey.